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He Paints a Picture

His woes are set to continue, as according to Jornal Económico, due diligence is currently underway as paintings and other works of art owned by José Berardo at the Centro Cultural de Belém (CCB) are being seized.

This action is being led by the enforcement agent responsible for the legal proceedings filed by Caixa Geral de Depositos S.A (CGD), Novo Banco and BCP against Berardo, as they try to recover a debt of over 962 million euros.

Samantha Gannon

info at madeira-weekly.com

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